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TurboTax – H&R Block Software Smackdown

TurboTax – H&R Block Software Smackdown

One of the things about being a CPA is that you are rarely the smartest guy in the room. If you are working at anything above an elementary level there will be people who would be better accountants than you are.  Fortunately they got good guidance in high school or...

Wealth Tax Bill Act Would Double IRS Enforcement Budget

Being a millionaire isn’t what it was back in the day, so the name for the wealth tax introduced by Senator Elizabeth Warren (She’s my Senator by the way.  Not bragging, just saying.) is the “Ultra-Millionaire Tax Act of 2021”.  By the good old...

The $1,100 Per Child Tax Rebate Bonus For Unmarried Parents

Divorced and never married co-parents have the chance to pick up an extra $1,100 per dependent child when they file their 2020 returns.  It requires trust, cooperation and running multiple versions of their 2020 returns.  It is probably not what Congress intended when...

Stimulus Checks And Your 2020 Return – Hurry Up Or Wait ?

The American Rescue Plan Act of 2021, “the Biden stimulus package” is not law, as I write this. It seems very likely to pass though and some people may want to take action in anticipation of it.  That would be filing your 2020 federal income tax return...